Recap Y-0 did not act as resistance after open gave us a clue that it would not hold on 2nd try. Into mid week, Y-0 cleared and gave us Y+1 target. Strong reaction to Y+1 but Y-0 held up well. Closed the week above Y-0 and midpoint.
Outlook Y-0 confirmed support, B+2 this week likely.
Lawrence's Comment
Recap
Just like Dow, consolidation within the top half of the expected range. End of week pullback completed the gap fill below and bounced from there. Closed the week ...
Lawrence's Comment
Recap
As expected euro went a bit higher above Y+1 and then consolidated near Y+1 most of the week until more news fed out from European officials again. ...
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AUDUSD Nov 17 to Nov 21 Outlook
Lawrence’s Comment
Y-0 did not act as resistance after open gave us a clue that it would not hold on 2nd try. Into mid week, Y-0 cleared and gave us Y+1 target. Strong reaction to Y+1 but Y-0 held up well. Closed the week above Y-0 and midpoint.
Outlook
Y-0 confirmed support, B+2 this week likely.
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